The course of our mechanism
KGK BANK begins the development of your real estate financing project from an early age, starting with the compulsory opening of delivered and student savings accounts, in order to lead you to the housing savings account with the management follow-up of your account, and the advice given by our advisors.
The opening of the housing savings account begins from the age of 18. When you subscribe, you benefit from a new credit card of your choice. Housing savings accounts are associated with bank accounts reserved for adults over 18 years of age. You therefore benefit from a Platinum or Copper card.
The housing savings account is an investment regulated by the State. It requires a minimum amount in deposit blocked by the bank.
The beneficiary of a HSA must be a natural person (legal persons cannot hold a HSA). Each person can open only one HSA.
The maximum amount that can be saved on a HSA can exceed $20 million and the minimum savings period to obtain a home savings loan is 18 months.
As far as payments are concerned, when the HSA opens, the minimum is $300.
Capital payments will take place automatically every month according to the choices you have mentioned in your contract.
The funds will be released only upon presentation of a real estate project.
Conditions
- The interest rate paid to the bank for the day-to-day management of your accounts is calculated at 0.25% of your monthly income. This interest rate, which was revisable every 6 months at the discretion of the government. Interest rates can therefore change at any time if there is a government financial review of financial institutions.
- Interest is calculated according to the fortnightly rule.
Contact us
Appointments are made by e-mail via your customer area, or in one of our offices with our advisers.